Dollar Closes at R$2.70, Highest in Almost Ten Years

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - In June 2011 the U.S. dollar sank against the Brazilian real to its lowest point in recent memory, it was US$1 to R$1.55. Now, a week after surpassing US$1 to R$2.60, the U.S. dollar climbed to US$1 to R$2.70, and ended Monday (December 15th) at US$1 to R$2.685.

The dollar is up 4.42 percent in December and 13.9 percent in the year. The value of the real to the dollar is at the lowest it . . .

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